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To: Michael Watkins who wrote (2312)	1/16/2002 2:37:39 PM
From: TheStockStalker	Read Replies (1) \| Respond to of 12411

I find it interesting that IB chooses to hold Stop Limit orders and simulate them rather than allow the Globex system to hold the orders on their servers. If one has their stop hit on the Globex server, their order will be sitting right their on the Globex servers computer right next to the potential contra party limit orders and they will be locally filled and processed before the IB order even has time get out of the IB box, not to mention too the Globex server. There is 0 quote latency since the prices are on the very same server. I have even seen orders get filled before my computer quote reflected the stop price due too this latency! What is the max distance a limit can be set from the stop these day by Globex? Because if the IB order gets there and the price has already cleared that limit, then the Globex server (which is overloaded at that point) has to send that message back to IB and IB has to resend the sell order with a new limit on it since it missed the first pool of liquidity. I think it is very possible that Roks order yesterday may have had to have been sent twice by IB before finally getting a fill. These impressions are based on facts and simply on "well it has always worked ok for me". I think they are very legitimate concerns that one needs to be aware of. Perhaps people that get cut in half with a 40 point move due to too much leverage should find a broker that allows the stop limit orders with the limit set to max to reside on the Globex server and not merely "simulate" them. Here is a link to a post that references people that have real world experience of the 2 types of methods and their results. It is even has a side by side comparison of an actual event. Message 16916187 Stalker